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I think this chart is drawn very well, basically expressing my understanding of Tesla's future business model. Many people investing in a company always like to focus on how much money it made today, how many cars it sold, and whether this quarter's profit is high. But what investment truly looks at is never the present, but the future. The market is willing to give a company a high valuation not because it makes money today, but because everyone believes it can make more money in the future, and the way it makes money will get better and better. If Tesla's future is only about selling cars, then it might just be an excellent car company; but if FSD really works, software subscriptions will bring continuous recurring cash flow with decreasing marginal costs; when Robotaxi starts operating, it will create new service revenue; after Optimus scales up, it will open up the global labor market. At this point, cars are actually just an entry point in the entire AI business ecosystem. So what I have been studying is not how many cars Tesla sells today, but what it will rely on to make money in the next ten years. Because investment, in essence, is pricing the future business model, not pricing today's profits. $TSLA